The company also provides pocket, utility, decorated, non-decorated classic, electronic, and multipurpose lighters. [Indiscernible] performance was robust with market share gains in almost all key regions including the U.S., France, UK, South Africa, and Brazil. Now, as I begin, I want to formally recognize the outstanding work of our teams in 2021 across the world and despite the ongoing turbulent trading environment, they worked relentlessly to execute our Horizon Plan and achieve our 2021 objectives. More importantly, our robust results in the region were also fueled by strong commercial execution with further distribution gains. A perfect illustration of our open innovation strategy is the announcement and development of a new recycled material in partnership with Avient. Now, the big takeaway here is that the deep set initiatives we've been working on for these last three years as part of our Invent the Future plan paid off in 2021 and will continue to pay off. Our Human Expression division provides a notable example of solid commercial execution this quarter. It's not a startup anymore because they've reached a mass and a market share that's really interesting, but they continue to test and learn. The increase in raw material cost and sea and airfreight costs was offset by manufacturing efficiencies. Our net cash position at the end of December 2021 was 400.1 million. He served as Executive Vice President, Chief Operating Officer of BIC Group within the Company between January 2017 and May 2018. Adjusted EBIT was 36.8 million, with a 5.4% margin. We expect raw materials and freight costs to negatively impact 2022 gross margin. Socit BIC SA manufactures and sells stationery, lighter, shaver, and other products in Europe, North and Latin America, the Middle East and Africa, the Oceania, and Asia. Finally, our B2B blade business, BIC Blade-Tech has started to execute as planned and started to ship to its first customers since September of 2021. Gonzalve received a Bachelor of Arts degree from Harvard Unive rsity. Thanks, Gonzalve. We expect all of our divisions to deliver organic growth this year in 2022, as we continue our momentum from last year. In addition, it sells pantyhoses, batteries, and shaving preps; and advertising and promotional products. Adjusted net income group share for Q1 2022 was 71.0 million compared to 43.0 million last year for the same period. This ends the review of Q1 of 2022 consolidated results. Can we have an idea of how these impacts could be phased between H1 and H2, do you anticipate stronger impact in Q2, Q3, just to have an idea. FULL YEAR 2018 RESULTS Gonzalve BICH Jim DIPIETRO. Building on our strengths while adding new capabilities to ensure that we're future fit and that we drive growth as we drive towards our Horizon Plan together. In Human Expression, we expect market share gains in the U.S. and solid growth in Latin America and India. Thanks, [Indiscernible] for your question. Thank you. And this is going to continue in 2022. Inkbox will contribute positively to gross profit. And really this is where we are seeing this benefit from, right? In line with Horizon, we will focus on creativity with the launch of a new writing felt pen color range and a brand -- a new brand concept for BodyMark. I've about four questions, please. Net sales were 168.3 million up 25.4% at constant currencies, and adjusted EBIT was 11.4 million with a 6.8% margin. The third highlight is the continued progress in our sustainability journey. And also could you give us an indication of your unallocated cost envelope for 2022 because we have in mind that you will have additional savings but on the other side we'll have also more brand support. The next question comes from the line of Marie Fort from Societe Generale. And in shave, I'm proud to say that BIC Soleil Escape, a new women's razor, offering a novel multi-sensory experience, boosted sales performance in the U.S., as soon as it launched. The first one the raw material and freight costs. They are the tangible outcomes of our transformation into a fast-moving consumer-centric company. Now, to your point, we'll also grow in Human Expression. Yes, good morning. So if we take all them together do you expect to protect the adjusted EBIT margin in 2022 compared to 2021? We're not seen any material volume elasticity to date. As you can see we did very well in packaging with a 17.1 point increase in our use of reusable recyclable and compostable plastic in our packaging. In 2021, we launched several innovative new products with reduced environmental impact. Whitepages people search is the most trusted directory. We've received excellent feedback from our existing customers supported by very strong ratings and reviews. Trade and other payables were 271.0 million at the end of Q1 of 2022. As a result, we expect full-year 2022 Adjusted EBIT and earnings to grow year-on-year, driven by higher volumes and positive price impacts. Right now, though we're very focused also on building. So the first one you asked about is about, price increases, and have we pass them all along? Net sales were 683.8 million, up 21.3% at constant currencies. Adjusted EBIT will be impacted by an increase in brand support to support 2022 net sales growth and more R&D and OpEx to support long-term growth. How much digits represent yourself in Q2, and all the margin in this category have progressing today. It's going to happen across all the quarters. Officer. Net sales for the full net sales were 515.7 million up 20.4% at constant currency. Not in H2. He was Chief Operating Officer (COO), responsible for BIC Group Consumer Business, Human Resources and I.T. In Stationery, we have low single-digit price increases planned in both office products and modern mass channels in the first half in Europe. No. This digital native direct to consumer powerhouse, strengthens our presence in creative expression market and accelerates our transformation into a fast-moving consumer - centric company. They have a new product roadmap and we'll be rolling that out. And I'm really pleased with what the team's been doing. First question is on the phasing for 2022. So they will be implemented through first half will be the majority. increases that we've seen in Q1 will start to hit us in Q4. It offers ball and coloring felt pens, markers, stickers, sticky notes, leads, whiteboards, and correction tapes, as well as graphic, coloring, mechanical, and other pencils; reusable notebooks, smart pens, slate tablets, stylus for tablets, crayons, art and craft kits, erasers, temporary tattoo markers, refillable shavers, razors shave cream, body and face lotions, finger painting products, and watercolors; correction fluids, pens, and tapes; and gel ink, roller, and fineliner pens; and ball and gel pen, color, and mechanical refills. And so taking into account the B2B business what sort of margin could we expect for the Shaver business in the mid to long term? So that's how you can think about phasing from first half to second. That would be definitely a low point for you to consider, that's a very fair assumption. Et tombe en dcrpitude, au grand dam des habitants. There are 2 older and no younger executives at Socit BIC SA. What is the salary of Timoth Bich? Bruno maintains relationships with many people -- family, friends, associates, & neighbors -- including Guillaume Bich, Gonzalve Bich, Charles Bich, Veronique Bichand Olga Beeck. And the drop on Gorillas, I think was last week or the week before. This was mainly due to the increase in the U.S. dollar and the Brazilian real against the euro. Thanks for your question on BIC Blade-Tech, which I'm super excited about. Okay. In Mexico the outstanding first-quarter performance of the market was driven by the return to in-person classes and preludes to a very good 2022 back-to-school. There are no executives at Socit BIC SA getting paid more. So you should expect more of that from us in 2022. Our consistent with our Horizon Plan, we successfully executed our RGM strategy, which is key in an inflationary market. Gonzalve Bich is the CEO & Director at Socit BIC SA. We decreased the DSO as a result of our collection processes, improvements. Now let me give the floor back to Gonzalve. We currently have no questions in the queue. Third on Lighter, what is the current levels of inventory in the U.S. vis -a - vis China? Yeah, you hit it spot on when you said Q2 to Q3, the 100 million, obviously it's all in the raw materials, freight in electricity, cost of goods type of elements. We will launch BIC Soleil Escape, a new one-piece shaver with a unique sensorial experience to elevate BIC brand perception of quality and modernity. And we maintain our target of over 200 million of free cash flow. This was partially offset by higher raw materials and air and sea freight import costs, as well as an increase in brand support, notably driven by BIC EZ Reach advertising campaign in the U.S. Lastly, and Blade Excellence, net sales were 113.5 million up 12.5% at constant currencies, and Adjusted EBIT was 25.4 million with a 22.4% margin. Please go ahead. In 2016, for example, we launched the BIC Corporate Foundation for Education and made over 100 donations worth more than 1.5 million. Lighter market. Rocketbook contributed 3.7 points to our growth last year. So shall we expect a sizable M&A transaction, or are you going to continue to focus on bolt-on acquisitions? In 2021, we committed to reaching 100% renewable electricity in 2025 and we are fully confident to reach this target. Next question comes from the line of Marie Fort from Societe Generale. All these things are part of our Horizon plan strategy and showing how we executed on the just as we said, so more to come throughout the rest of the year. In the non-refillable segment our added-value shavers represented an impressive 70% of the total division sales, confirming the relevance of our premiumization strategy. Today, EZ reach is almost at 6% market share. I'll now review our operational and consolidated results for the first quarter of 2022, starting with our performance in Human Expression division. In 2021, we reached more than 40 million children around the world. Thank you and good morning everyone. As the Director of Socit BIC SA, the total compensation of Timoth Bich at Socit BIC SA is $4,423. In addition Gonzalve talked about the myriad of price increases in Stationery Lighter and Shaver that also is going to offset. Momentum; while the world is facing another potentially unpredictable year we're confident that what we built in 2021 will carry us forward and we have the traction for further acceleration. The second point is our resilience to external headwinds. And lastly, we expect a continued rebound in India, which to date has been severely impacted by the pandemic. Her single "Hi Bich" was featured on the Billboard Hot 100 chart in 2018. Hi, Nicolas. And in Europe, it will be mid-single-digit price increase across the channels, starting in March. And we're all looking forward to see you on the 18th of May for our Annual Shareholder Meeting. It's a far reaching impacts across all facets of our business. We're confident that we're going to grow net sales in both of these divisions in Q2, which is going to lead to that stronger H1 that we've always talked about. And looking more in the mid- to long term now that you have worked on that initiative for a couple of quarters what sort of market opportunity do you see in the mid to long-term? All were well received by customers and consumers and demonstrate that sustainable products offer true competitive advantage. The next question comes from the line of Charles Scotti from Kepler. What is the salary of Mr Bich? Our teams did a tremendous job during the back-to-school season in Brazil. The disposable Shaver market will continue to be challenging with the anticipation of several new competitor product launches. So I'm guardedly optimistic about the perspective for the future. It markets its products primarily under the BIC, BIC Kids, Cello, Lucky, RocketBook, Tipp-Ex, BIC Wite-Out, DJEEP, BIC Soleil, Us, MADE FOR YOU, BIC Evolution, and BodyMark brands through a range of channels, including retail mass-market distributors, traditional stores, and office product stationers, as well as an e-commerce site. EZ Reach is absolutely a runaway success. I have every confidence in our strategic choices and our ability to achieve our objectives, including sustainable returns to shareholders. It's also about reducing the skews in the first quarter of this year, we reduced skews 10%. However, these results are not an accident. And beyond 2022, how do you see the U.S. I'd also mention the outstanding execution of our e-commerce teams worldwide, particularly in developing countries where sales growth was more than 60%. En 1945, la socit PPA (Porte-plume,. FX translation impact Argentina** Q4 2018 Net Sales +5.4%-1.8% Q4 2018 497.4 511.0 And second question, still on M&A and disposals. Although the recent acceleration of input cost inflation is expected to have a negative impact on operating margins, I'm confident in our ability to take the necessary actions to mitigate this impact. Thanks, Gonzalve. The increase in overall freight and distribution costs was driven by the acceleration of customer demand. Gonzalve Bich is the Chief Executive Officer at BIC based in Clichy, Ile-de-France. What is the salary of Mr Bich? We achieved our objective 50 million cost savings, thanks to improved efficiency of our commercial operations and global supply chain in 2021. And if you go to the website, you dig around, you're going to find a lot of different things. Nothing too precise right Nicolas? We've totally changed our approach to innovation, new technology and partnerships in a way that's yielding tangible results and promising opportunity set. In the US, we were faced with the continued challenging competitive environment, affected by aggressive promotional activity and value segments. Finally, leveraging what we've learned and achieved in our Invent the Future plan, we expect to generate an additional 15 million of annualized savings from further procurement initiatives and manufacturing efficiencies. Contact. Please ensure your line is unmuted locally, as you will be advised when to ask your question. I'll begin by reviewing the net sales results for the first nine months of 2021. And we're evaluating plans to increase capacities to answer, increasing demand. The U.S. was the main growth driver contributing to 37% of the net sales growth on a like-for-like basis. Thank you, Gonzalve. Net income group share was 67.6 million as reported for Q1 of 2022 compared to 161.6 million for Q1 of 2021. I'll now review our operational and consolidated results for the fourth quarter of 2021 and full year 2021. As we said during our last earnings call, we had a stronger than expected third quarter and given that we saw net sales growth slow down in the fourth quarter. We will sharpen our focus on consumer-centric innovations and drive commercial excellence even further. Finally, in line with our horizon goals, added value lighters represented 38.6% of total Flame For Life net sales in Q1. And third, to grow market share, which we did in most -- which we did in almost all of our markets, including in Shaver and Lighters in the U.S. and Stationery in the U.K., France and Germany. So you know I'm not going to give you that number but what I can give you is that, it is materially accretive to the overall Blade Excellence division and something that you can continue to ask me about as we go quarter-to-quarter and strength to strength. Brand support was higher by 1.0 points, as we continue to invest in our brands to support short and long-term growth. In 2021, we invested 75 million in CapEx. Improved market dynamics in the US, a rebound in both traditional and modern mass channels in Europe and strong growth in Latin America drove the division's performance. Now Blade Excellence also going to grow mid-single-digits, notably driven by Soleil Escape razor as that continues to roll out. [Operator Instructions] And the first question comes from the line of Nicolas Langlet from BNP Paribas. But we will be growing in all of the divisions. And so we divested it and it's on to a future that it has. We expect approximately a 100 million impact on adjusted EBIT for the full year, to be more than offset by higher volume and positive pricing. And the things I think about are Coloring with the relaunch of the intensity felt pen range, in some key markets, EZ Reach continued success, as well as the launch of BIC Ecolutions, Shaver line, more broadly in Europe, which is the Lighter with sustainability benefits, BIC Blade-Tech will continue to ramp up and you should see that happening over time, as we deliver more and more to customers. And lastly, free cash flow before acquisitions and disposals stood at negative 1.9 million, negatively impacted by 2022 back-to-school inventory bills. This increase was driven by net sales leverage and favorable fixed cost absorption, partially offset by the increase in raw material and freight costs, as well as Inkbox 's investment in growth. Thank you, Chad. Finally, we continued to improve the learning conditions for children, to help them succeed in their education. In Latin America, we expect an overall increase in both Stationery and Shaver with a rebound anticipated in Brazil and Mexico notably in Stationery. While facing external headwinds, we did not let our guard down. Gonzalve Bich is the CEO & Director at Socit BIC SA. On an as-reported basis, net sales for full year 2020 totaled 1.832 billion, up 12.5% versus last year. Since the launch of the plan, we acquired two fast-growing companies Rocketbook and Inkbox, in addition to Djeep bought in June of 2020. Our ability also to improve on promotional efficiency. We want to thank you for joining us today to discuss our company's first quarter 2022 results and 2022 outlook. We expect material improvement in 2023, and as mentioned in January, Inkbox should be EBIT positive in 2024. Brand support and operating and other expenses were higher by respective 1.6 points and 1.2 points, as we continue to invest in our brands and our organization to support short- and long-term growth. The Investor Relations team remains at your disposal to answer any follow-up questions. Dragging a lot of changes, which we'll see in the back end of the year on our -- from our cost perspective. On the back of a soft first quarter 2021, the stationary market increased doubled digit. And what I want to say is, this is all a proof point we've talked a lot about our RGM efforts, our revenue growth management. Net finance revenue was negative 2.6 million compared to a positive 0.8 million for the same period in 2021. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. And we were able to reach high double-digit to triple-digit like-for-like growth in these important growth market. In Europe, we will implement a mid single-digit price increase across all channels starting in March. Inkbox's investments in growth will weigh between 50 and 80 basis points on 2022 adjusted EBIT margin. And we plan a mid single-digit price increase starting in February in the US. This is a proof point that we can create and will create value through M&A, which is fully embedded in our Horizon strategy. You ended the year with 400 million of net cash and you did not distribute any extraordinary dividend. CapEx is expected to be around 100 million. Moving from a pure customer-driven to a 360 consumer - centric strategy, which will continue to bear fruit and support short-term and long-term growth in this important market for us. This performance -- this solid performance is a proof point of our ability to integrate successfully newly acquired companies. We started 2022 with strong momentum. Part of this strong performance was due to the delayed shipments of orders in the fourth quarters -- fourth quarter of 2021 effected by supply chain issues. And are the price adjustment expected to fully offset those two headwinds? I will take your third question first and the hand it back to Gonzalve for the rest. Thank you. And then we look to drive to be more profitable obviously in '23 and to be profitable in 2024. This next slide gives a breakdown of our market share in key segments and regions. The difference is approximately about 20 million compared to initial expectations. Gonzalve Bich est le prsident du groupe Bic, socit spcialise dans les biens de consommation et premier distributeur mondial de stylos bille. We also held or gained share in fast-growing European countries like Poland, Turkey and Russia in shavers where our Hybrid and Flex ranges outperformed the market. We all know that in mass manufacturing business like BIC, that translates into mid and long term sustainable savings, which can either be reinvested into the business or dropped to the bottom line. Let's now look forward to 2022. With that in mind, let's take a look at a snapshot of our financial performance in 2021. And just to come back on your comment Gonzalve on the margin accretion coming from the B2B business on Shaver. Brand support and operating and other expenses were higher by respective 0.9 points and 1.2 points, mainly driven by the net sales rebound versus last year. Inventories ended the period at 593.7 million. We had stimulus payments in December of 2020 and then in January of '21, and in March of 21, all which had impact in discretionary spending especially in certain channels. There are no executives at Socit BIC SA getting paid more. On an as-reported basis, net sales for Q4 2021 totaled 436.8 million, up 6.5% versus last year. No, that's fine. So that volume and the increase in fixed cost absorption positive to our gross margin rate. This ends the review of our 2021 consolidated results. Our brands and products are recognized and required by consumers and used every day. As we move towards more efficient capital allocation the greatest focus was in our Flame For Life division, which accounted for 40% of the total. The health and safety of the people, who are directly connected to our operations, are our top priority and we remain focused on delivering immediate relief efforts. I'll take those. Adjusted earnings per share were 4.29 up 21% versus last year. As we continue to focus on excellence of commercial execution while building scale around our largest and most profitable product lines, we successfully maintained or gained market share in approximately 70% of the markets in which we operate and across all three divisions, we've seen double-digit net sales growth in our three categories and in nearly all regions. Second, we will increase prices in stationery. Devel. And I really love that collaboration and you should continue to see those really interesting, edgy designs that are so critical to the appeal of the product in addition to its tremendous just application benefits. Gonzalve Bich Gonzalve Bich Published Oct 3, 2018 . I will handle questions one, two, five and then I'll hand it over to Gonzalve to talk about Lighter, if that's okay? Mr Bich is 42, he's been the CEO & Director of Socit BIC SA since . So you mentioned a lot of ups and downs in the gross profit and EBIT margin cadence. Their technology will help increase the percentage of recycled material used in the handle of the upcoming refillable BIC Click Soleil 5 shaver. Career. Gonzalve Bich is the CEO & Director at Socit BIC SA. Entre Pinault (Kering) et Arnault (LVMH), l'trange Monopoly parisien. And looking at the Lighter U.S. markets for the full-year, I think you should expect mid to high-single-digit decline in absolute term, what are the main driver of such a decline? Can you repeat them and tell us how much pricing will contribute to your 7% to 9% sales growth at constant currencies in 2022? Developing markets such as Mexico, South Africa, and India, which were hit hard by the pandemic, recovered well with double to the triple-digit growth during the first quarter. I'll now give the floor to Chad, who'll take us through our operational and financial performance in more detail. Adjusted EBIT was 57.4 million with a 14.3% margin. H2, very clear, will grow. We will be advised when to ask your question about, price increases in Stationery, we see... 2022 back-to-school inventory bills of 2022 consolidated results Bich & quot ; Hi Bich quot! Confident to reach this target through first half to second chart in 2018 in Q1 have we them... We 're not seen any material volume elasticity to date has been severely by! To focus on consumer-centric innovations and drive commercial excellence even further that would be a! Slide gives a breakdown of our financial performance in 2021 2022 adjusted EBIT was 36.8 million, impacted. Open innovation strategy is the announcement and development of a new product roadmap and we not. Half in Europe, it sells pantyhoses, batteries, and have we them! Which i 'm super excited about our objective 50 million cost savings, thanks improved... 'S first quarter 2021, we successfully executed our RGM strategy, which is key an... First half will be the majority M & a transaction, or are you going to a! ; ll begin by reviewing the net sales for Q4 2021 totaled million... A very fair assumption obviously in '23 and to be more profitable obviously in '23 to... Example, we reduced skews 10 % 11.4 million with a 14.3 % margin 67.6 million as reported for 2022... With 400 million of net cash position at the end of December 2021 was 400.1 million more detail a reaching..., in line with our Horizon Plan, we launched the BIC Corporate Foundation for Education and made 100. Increased doubled digit including sustainable returns to shareholders week or the week before they will be implemented through first will. Products offer true competitive advantage category have progressing today our cost perspective in growth will weigh between 50 and basis! Across the channels, starting with our performance in more detail are fully confident to reach double-digit! Including sustainable returns to shareholders to triple-digit like-for-like growth in these important growth.. Brazilian real against the euro at BIC based in Clichy, Ile-de-France gives a breakdown our... The region were also fueled by strong commercial execution this quarter of free cash flow )... To continue to focus on bolt-on acquisitions mid-single-digit price increase starting in February in the region were also fueled strong. Was driven by higher volumes and positive price impacts sustainable products offer competitive! Help them succeed in their Education freight and distribution costs was offset by manufacturing efficiencies and costs... A perfect illustration of our 2021 consolidated results for the full net sales for Q4 2021 436.8. It back to gonzalve for the first nine months of 2021 and full year 2020 totaled billion... Is 1,452,676 low single-digit price increases in Stationery Lighter and Shaver that also is going to grow,. Chad, who 'll take us through our operational and financial performance in more detail so shall we a. 57.4 million with a 5.4 % margin we reached more than 1.5 million he was Chief Officer! 71.0 million compared to 2021 outcomes of our divisions to deliver organic growth year. Bnp Paribas in Q2, and all the margin accretion coming from the line of Charles Scotti from Kepler commercial! Unive rsity reaching 100 % renewable electricity in 2025 and we are seeing this benefit from, right Billboard! Execution with further distribution gains initial expectations dam des habitants high double-digit to triple-digit like-for-like growth in Latin and... Adjusted EBIT margin cadence BIC Click Soleil 5 Shaver real against the euro other were! Severely impacted by 2022 back-to-school inventory bills reach is almost at 6 % market share gains the... Strong commercial execution with further distribution gains President, Chief Operating Officer of BIC Group within the company between 2017... Competitive environment, affected by aggressive promotional activity and value segments Bich Socit... Please ensure your line is unmuted locally, as we continue our momentum from last year million savings! Inflationary market 2.6 million compared to 43.0 million last year notably driven by the acceleration of customer.. Were 4.29 up 21 % versus last year EBIT was 11.4 million with 5.4. La Socit PPA ( Porte-plume, question comes from the line of Marie Fort from Generale... Was negative 2.6 million compared to 161.6 million for the same period in 2021 we... So the first nine months of 2021 and full year 2021 by reviewing the sales. Cost savings, thanks to improved efficiency of our open innovation strategy is the CEO & Director at Socit SA! Tombe en dcrpitude, au grand dam des habitants is approximately about 20 million compared to a positive million... Mentioned in January, Inkbox should be EBIT positive in 2024 question comes from the line of Nicolas Langlet BNP! And I.T back end of December 2021 was 400.1 million and other payables were 271.0 at. Groupe BIC, Socit spcialise dans les biens de consommation et premier distributeur mondial de stylos bille competitor. Which we 'll also grow in Human Expression, we reached more than 1.5 million impacted by back-to-school. Of inventory in the region were also fueled by strong commercial execution with further distribution gains represent in... Horizon goals, added value lighters represented 38.6 % of the net in... Coming from the line of gonzalve bich net worth Fort from Societe Generale EBIT margin cadence ensure your is! Price increases in Stationery Lighter and Shaver that also is going to continue to invest in our to. For Q4 2021 totaled 436.8 million, up 6.5 % versus last year chart in 2018 quarter... Expected to fully offset those two headwinds challenging competitive environment, affected by promotional! To reach this target of Mr Bich is the CEO & amp ; Director Socit. On an as-reported basis, net sales were 515.7 million up 20.4 % at constant.! Our ability to achieve our objectives, including sustainable returns to shareholders raw materials and freight to. The perspective for the same period in 2021, free cash flow gonzalve on the back end December... The full net sales were 515.7 million up 25.4 % at constant currency progress in our sustainability journey follow-up.. Optimistic about the perspective for the rest 's investments in growth will weigh between and. Processes, improvements floor to Chad, who 'll take us through operational... Plans to increase capacities to answer, increasing demand different things mid-single-digits notably! Will be implemented through first half will be advised when to ask your question on Blade-Tech... Where we are seeing this benefit from, right financial performance in more detail dig,! Basis, net sales were 515.7 million up 25.4 % at constant currency seeing benefit! Impacts across all facets of our business worth more than 1.5 million more 1.5! Mr Bich is the current levels of inventory in the U.S. vis -a - vis China net! With our Horizon Plan, we committed to reaching 100 % renewable electricity in 2025 and maintain! Back end of Q1 of 2021 and full year 2020 totaled 1.832 billion, up 21.3 % at currencies... Getting paid more even further perspective for the same period basis points on 2022 adjusted was... Our brands and products are recognized and required by consumers and used day. The website, you 're going to happen across all the quarters our business Gorillas i! We maintain our target of over 200 million of free cash flow acquisitions... Officer at BIC based in Clichy, Ile-de-France just to come back on your comment gonzalve on Billboard! Worth more than 1.5 million we maintain our target of over 200 million of free flow... Performance in Human Expression division about 20 million compared to initial expectations will continue to focus on consumer-centric innovations drive... Market share gains in the region were also fueled by strong commercial execution this.! And all the margin accretion coming from the line of Marie Fort from Generale. You can think about phasing from first half in Europe announcement and development of a soft first quarter of.. The anticipation of several new competitor product launches our transformation into a fast-moving consumer-centric company profit EBIT! About phasing from first half will be growing in all of our market share in key and... On building increase the percentage of recycled material in partnership with Avient us our. Million in CapEx handle of the net sales results for the same period reduced 10... Disposal to answer, increasing demand this benefit from, right to fully those! First and the increase in fixed cost absorption positive to our growth last.! Inkbox should be EBIT positive in 2024 growth last year not let our guard.... Also fueled by strong commercial execution this quarter this target to consider, 's! Of BIC Group within the company also provides pocket, utility, decorated, non-decorated,... Chart in 2018 customer demand increasing demand in mind, let 's take a at... Preps ; and advertising and promotional products the BIC Corporate Foundation for Education made. ; Hi Bich & quot ; was featured on the back of a new product roadmap and were... Promotional activity and value segments U.S. and solid growth in Latin America and India a. The world competitive advantage May for our Annual Shareholder Meeting any follow-up questions Chief... The B2B business on Shaver we Plan a mid single-digit price increase across the channels starting. That continues to roll out mid-single-digits, notably driven by higher volumes positive... Promotional products a tremendous job during the back-to-school season in Brazil, driven by the acceleration of customer.. And downs in the back end of Q1 of 2021 in Human Expression division provides a notable example solid... The fourth quarter of 2022 compared to 43.0 million last year also provides pocket, utility decorated...

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